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RE Vehicle Donations for Charity (ANYWHERE)

You can get ripped off when donating a vehicle to charity. Donate a vehicle worth 4000.00 to a charity. They have a tow company pick it up. (The cost of the trip to pick it up and deliver it to an auction yard comes out of your donation ticket) Then it is auctioned off for a small percentage of its value. Sold to a buyer online. Example car is sold for $1000...
then if you are in the high enough tax bracket, you can write off around 57% (or current tax allotment) of the donation receipt.

So you might get a taxable receipt donation of 400.00....Of course unless you dont care and just want to get rid of the car.....

Do your homework.

post id: 7754246480

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